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Invesco raises Swiggy valuation by nearly 25% to $13.3 Bn ahead of IPO
US-based asset manager Invesco has raised the valuation of foodtech giant Swiggy to $13.3 billion,,͏͏ reflecting͏͏ a͏͏ nearly͏͏ 25%͏͏ jump͏͏ from͏͏ the͏͏ investor's͏͏ last͏͏...
Swiggy Instamart launches 24×7 delivery service in Delhi-NCR ahead of festive season
With the festive season approaching, quick commerce giant Swiggy Instamart has launched a 24×7 delivery service in the Delhi-NCR region.In͏͏ a͏͏ statement,͏͏ the͏͏ company͏͏...
BizDateUp co-founders acquire stakes in IPO-bound Swiggy
In a bold move, venture capitalists and co-founders of BizDateup, Jeet Chandan and Meet Jain, have acquired an undisclosed stake in Swiggy, the IPO-bound...
As quick commerce boom continues, Tiger Global eyes stake in Zepto
As the quick commerce competition intensifies in India, with companies branching out from FMCG and groceries to a broader range of consumer goods, Tiger...
Swiggy allocates lion’s share of IPO proceeds to expand Instamart dark stores
Swiggy's updated prospectus, filed on Thursday for its initial public offering (IPO), reveals the Bengaluru-based company's plans to continue investing heavily in its quick...
Swiggy’s IPO could net Prosus $500 Mn; founders set to cash out $36 Mn
Swiggy’s largest investor, Prosus, stands to gain over $500 million from the food and grocery delivery firm's upcoming IPO, as it plans to offload...
Swiggy’s revenue surpasses INR 10,000 Cr in FY24 as losses nearly halved
IPO-bound Swiggy reduced its losses by 44% for the financial year ending March 31, 2024. The decacorn startup reported a net loss of INR...
Swiggy’s Q1 loss widens 8% YoY to INR 611 Cr, operating revenue jumps 35%
IPO-bound Swiggy reported a consolidated net loss of INR 611 crore in the June quarter of FY25, an increase of over 8% from INR...
Swiggy files updated DRHP with SEBI for INR 3,750 Cr IPO
Foodtech giant Swiggy filed its first updated draft red herring prospectus (DRHP) with SEBI on Thursday, seeking to raise INR 3,750 Cr ($450 Mn)...
Tiger Global-backed Wow Momo Foods eyes IPO within the next two years
Fast-food chain Wow Momo Foods plans to launch an initial public offering (IPO) within the next two years, according to its CEO, Sagar Daryani....
Furniture rental startup RentoMojo set to file for IPO in the next 18 months
Online furniture rental startup RentoMojo is preparing to file for an IPO within the next 18 months,͏͏ as͏͏ stated͏͏ by͏͏ its͏͏ founder͏͏ and͏͏ CEO,͏͏...
Swiggy attracts celebrity investors: Rahul Dravid, Karan Johar & others invest in pre-IPO round
Cricketers Rahul Dravid and Zaheer Khan, tennis star Rohan Bopanna, director Karan Johar, and actor-entrepreneur Ashish Chowdhry are the latest celebrities backing foodtech giant...